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Preferred Apartment Communities, Inc. Announces First Quarter 2015 Common Stock Dividend

02/05/2015

ATLANTA, Feb. 5, 2015 /PRNewswire/ --

First Quarter 2015 Common Stock Dividend

Preferred Apartment Communities, Inc. (NYSE MKT: APTS) (the "Company") today announced that, on February 5, 2014, its Board of Directors declared a quarterly dividend on its common stock of $0.175 per share of common stock payable April 15, 2015, to common stockholders of record on March 13, 2015.

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About Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States.  As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make mezzanine loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities and other properties.  As a secondary strategy, we also may acquire or originate senior mortgage loans, subordinate loans or mezzanine debt secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily related assets and invest not more than 20% of our assets in other real estate related investments such as grocery-anchored necessity retail properties, as determined by our manager as appropriate for us.  Preferred Apartment Communities, Inc. has elected to be taxed as a real estate investment trust under the Internal Revenue Code of 1986, as amended, commencing with its tax year ended December 31, 2011.

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SOURCE Preferred Apartment Communities, Inc.

For further information: Preferred Apartment Communities, Inc., Leonard A. Silverstein, 770-818-4147, President and Chief Operating Officer, Email: lsilverstein@pacapts.com

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